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30. Which of the following is an example for group price discrimination? A) a BMW selling for more than a VW B) local residents receiving a discount at the local golf course C) the fact that a razor is cheap, and blades are expensive D) the local health club charging a membership fee and a low usage fee 31. Many theme parks charge an entrance fee and a per-ride fee equal to zero. This is an example of A) bundling. B) two-part pricing. C) group price discrimination. D) perfect price discrimination. Question 32 - 33: Suppose that the production function is: [q=L^{0.46} K^{0.47}] 32. What is the average product of capital (AP_{K}), holding labor fixed at (ar{L}) A) (AP_{K}=0.47 L^{0.46} K^{-0.53}) B) (AP_{K}=frac{q}{K}) C) (AP_{K}=L^{0.46} K^{-0.53}) D) None of the above. E) Both B and C. 33. What is the marginal product of capital (MP_{K})? A) (MP_{K}=0.47 L^{0.46} K^{-0.53}) B) (MP_{K}=0.46 L^{0.54} K^{-0.53}) C) (MP_{K}=0.47 AP_{K}) D) Both A and C. E) None of the above.

          30. Which of the following is an example for group price discrimination?
A) a BMW selling for more than a VW
B) local residents receiving a discount at the local golf course
C) the fact that a razor is cheap, and blades are expensive
D) the local health club charging a membership fee and a low usage fee

31. Many theme parks charge an entrance fee and a per-ride fee equal to zero. This is an example of
A) bundling.
B) two-part pricing.
C) group price discrimination.
D) perfect price discrimination.

Question 32 - 33:
Suppose that the production function is:
[q=L^{0.46} K^{0.47}]

32. What is the average product of capital (AP_{K}), holding labor fixed at (ar{L})
A) (AP_{K}=0.47 L^{0.46} K^{-0.53})
B) (AP_{K}=frac{q}{K})
C) (AP_{K}=L^{0.46} K^{-0.53})
D) None of the above.
E) Both B and C.

33. What is the marginal product of capital (MP_{K})?
A) (MP_{K}=0.47 L^{0.46} K^{-0.53})
B) (MP_{K}=0.46 L^{0.54} K^{-0.53})
C) (MP_{K}=0.47 AP_{K})
D) Both A and C.
E) None of the above.

$30. Which of the following is an example for group price discrimination? A) a BMW selling for more than a VW B) local residents receiving a discount at the local golf course C) the fact that a razor is cheap, and blades are expensive D) the local health club charging a membership fee and a low usage fee 31. Many theme parks charge an entrance fee and a per-ride fee equal to zero. This is an example of A) bundling. B) two-part pricing. C) group price discrimination. D) perfect price discrimination. Question 32 - 33: Suppose that the production function is: [q=L^0.46 K^0.47] 32. What is the average product of capital (APK), holding labor fixed at (arL) A) (APK=0.47 L^0.46 K^-0.53) B) (APK=fracqK) C) (APK=L^0.46 K^-0.53) D) None of the above. E) Both B and C. 33. What is the marginal product of capital (MPK)? A) (MPK=0.47 L^0.46 K^-0.53) B) (MPK=0.46 L^0.54 K^-0.53) C) (MPK=0.47 APK) D) Both A and C. E) None of the above.$

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